Add to ORKGThe Stern Review reported a social cost of carbon of over $300/tC, calling for ambitious climate policy. We here conduct a systematic sensitivity analysis of this result on two crucial parameters: the rate of pure time preference, and the rate of risk aversion. We show that the social cost of carbon lies anywhere in between 0 and $120,000/tC. However, if we restrict these two parameters to match observed behavior, an expected social cost of carbon of $60/tC results. If we correct this estimate for income differences across the world, the social cost of carbon rises to over $200/tC
A new and important concept in global warming economics and policy is the social cost of carbon or S...
Disagreements about normative aspects of social time preferences have led to estimates of the social...
This article examines the implications of alternative social time preference assumptions for the opt...
The Stern Review reported a social cost of carbon of over $300/tC, calling for ambitious climate pol...
The Stern Review reported a social cost of carbon of over $300/tC, calling for ambitious climate pol...
It is well-known that the discount rate is crucially important for estimating the social cost of car...
It is well-known that the discount rate is crucially important for estimating the social cost of car...
The paper1 discusses the determination of the social cost of carbon (SCC) using the PAGE2002 model u...
The authors estimate the growth rate of the social cost of carbon. This is an indication of the opti...
It is well-known that the discount rate is crucially important for estimating the social cost of car...
Social cost of carbon (SCC) is the key concept in the economics of climate change. It measures the ...
The social cost of carbon is the damage avoided by slightly reducing carbon dioxide emissions. It is...
Many studies have estimated the social cost of carbon (SCC). We critically evaluate SCC estimates, f...
The social cost of carbon (SCC) is a central concept in climate change economics. This chapter expla...
The paper1 discusses the determination of the social cost of carbon (SCC) using the PAGE2002 model u...
A new and important concept in global warming economics and policy is the social cost of carbon or S...
Disagreements about normative aspects of social time preferences have led to estimates of the social...
This article examines the implications of alternative social time preference assumptions for the opt...
The Stern Review reported a social cost of carbon of over $300/tC, calling for ambitious climate pol...
The Stern Review reported a social cost of carbon of over $300/tC, calling for ambitious climate pol...
It is well-known that the discount rate is crucially important for estimating the social cost of car...
It is well-known that the discount rate is crucially important for estimating the social cost of car...
The paper1 discusses the determination of the social cost of carbon (SCC) using the PAGE2002 model u...
The authors estimate the growth rate of the social cost of carbon. This is an indication of the opti...
It is well-known that the discount rate is crucially important for estimating the social cost of car...
Social cost of carbon (SCC) is the key concept in the economics of climate change. It measures the ...
The social cost of carbon is the damage avoided by slightly reducing carbon dioxide emissions. It is...
Many studies have estimated the social cost of carbon (SCC). We critically evaluate SCC estimates, f...
The social cost of carbon (SCC) is a central concept in climate change economics. This chapter expla...
The paper1 discusses the determination of the social cost of carbon (SCC) using the PAGE2002 model u...
A new and important concept in global warming economics and policy is the social cost of carbon or S...
Disagreements about normative aspects of social time preferences have led to estimates of the social...
This article examines the implications of alternative social time preference assumptions for the opt...